General discussion (MEI), page-5616

MEI in confused state?
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MEI is playing weekly. For strength it needed to cross 12. All it did was reach 10.5 this week. Bottom 9. From a weekly perspective, a small drop from 10 to 9.7.
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So what's happening? MEI has got no direction, yet. Big traders just pushing it around. One thing is certain - it is not in euphoria state, yet, that it will cross 12c and reach 20c. Unfortunately, more likely scenario is that it may breach 9c and reach 8c.
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Personally, I have started trading a bit between 9.3 and 10. Not that I wanted to do, but it looks like lazy gains while some decide what to do. I got 2 wins of 5 pips this week on a portion of my stock. I have brought down my average from 10.5 last week to 10. Damn, so much hard work and still I am down. Oh well, couple of another good hits is all I need.
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So what may happen next week? No direction. Yet. The big boys are not there. Yet. Its not a lucrative play any more? Possible. For all I know, it needs to hold 9. I think it will, but times are not good. I am just hoping to exit with small loss if things don't go well. I was hoping to make a killing. I know there is a cult following here leading to Ritz. Show your hand, if you have one. Talking about $5 /$10, at least try to hold 10c. Otherwise shut up for ever.
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